Search Results - subject:"binding constraints"

A guide on solving non-convex consumption-saving models

Druedahl, Jeppe - In: Computational economics 58 (2021) 3, pp. 747-775

Persistent link: https://www.econbiz.de/10012651027

Divergent risk-attitudes and endogenous collateral constraints

Curatola, Giuliano Antonio; Faia, Ester - In: Journal of economic theory 192 (2021), pp. 1-29

Persistent link: https://www.econbiz.de/10012805378

A toolkit for solving models with a lower bound on interest rates of stochastic duration

Eggertsson, Gauti B.; Egiev, Sergey K.; Lin, Alessandro; … - In: Review of economic dynamics 41 (2021), pp. 121-173

Persistent link: https://www.econbiz.de/10012872943

Asymmetric macro-financial spillovers

Bluwstein, Kristina - 2017

The 2008 financial crisis has shown that financial busts can influence the real economy. However, there is less evidence to suggest that the same holds for financial booms. Using a Markov-Switching vector autoregressive model and euro area data, I show that financial booms tend to be less...

Persistent link: https://www.econbiz.de/10011943307

Credit crunches from occasionally binding bank borrowing constraints

Holden, Tom D.; Levine, Paul; Swarbrick, Jonathan M. - 2017

We present a model in which banks and other financial intermediaries face both occasionally binding borrowing constraints, and costs of equity issuance. Near the steady state, these intermediaries can raise equity finance at no cost through retained earnings. However, even moderately large...

Persistent link: https://www.econbiz.de/10011719158

Fiscal tools at the zero lower bound: A DSGE model with occasionally binding constraints on monetary policy and borrowing

Adolfsen, Jakob Feveile - 2017

model with occasionally binding constraints on monetary policy and borrowing is applied. When the ZLB binds in a liquidity …

Persistent link: https://www.econbiz.de/10012059471

Modelling Occasionally Binding Constraints Using Regime-Switching

Binning, Andrew; Maih, Junior - 2017

Occasionally binding constraints are part of the economic landscape: for instance recent experience with the global … take four common examples of occasionally binding constraints in economics and demonstrate how to use regime-switching to … some well-known methods for solving occasionally-binding constraints. We demonstrate the versatility of our regime …

Persistent link: https://www.econbiz.de/10012143922

Existence and uniqueness of solutions to dynamic models with occasionally binding constraints.

Holden, Tom D. - 2017 - This version: 23 August 2017

otherwise linear dynamic model with occasionally binding constraints, given a fixed terminal condition. We derive further … for models with occasionally binding constraints, much as Blanchard and Kahn (1980) did for linear models. In an …

Persistent link: https://www.econbiz.de/10011717372

Fiscal tools at the zero lower bound : a DSGE model with occasionally binding constraints on monetary policy and borrowing

Adolfsen, Jakob Feveile - 2017

model with occasionally binding constraints on monetary policy and borrowing is applied. When the ZLB binds in a liquidity …

Persistent link: https://www.econbiz.de/10011778742

Credit spreads, financial crises, and macroprudential policy

Akinci, Ozge; Queralto, Albert - 2017 - Revised April 2017

Credit spreads display occasional spikes and are more strongly countercyclical in times of financial stress. Financial crises are extreme cases of this nonlinear behavior, featuring skyrocketing credit spreads, sharp losses in bank equity, and deep recessions. We develop a macroeconomic model...

Persistent link: https://www.econbiz.de/10011568525